All Forum Posts by: Ryder Meehan

We will have a discussion on using turnkey properties out of state for a more passive way to invest remotely. He will share how to find a great turnkey provider and his experience in making it successful.

Schedule:

6:30-6:45 Networking

6:45-7:30 Turnkey investing presentation and discussion

7:30 - 8:30 Networking

We are meeting at San Francisco Library Chinatown branch - our meeting room is on the left before you pass the librarian's desk at the entrance.  Looking forward to a good one!

Please join the group and RSVP here:

http://www.meetup.com/San-Francisco-Real-Estate-Investing-Out-of-State/events/230752616/

-Ryder

We'll discuss how to pick the winners quickly and without physically seeing the out-of-state property yet.

I'll go step by step through the processes, tools, calculators and data sources I use to make the buy decision analytical. Then we'll have more group discussion to have a great method of analyzing real estate from everyone.

Schedule:

- 6:30-6:45PM - Networking

- 6:45-7:30PM - Presentation & Discussion

- 7:30-8:30PM - Member Intros & Networking

We will start at the beginning of buying and managing property remotely - how to analyze real estate deals. We'll discuss how to pick the winners quickly and without physically seeing the out-of-state property yet.

Step by step through the processes, tools, calculators and data sources used to make the buy decision analytical. Then we'll have more group discussion to have a great method of analyzing real estate from everyone.

Schedule:

- 6:30-7:45PM - Networking

- 6:45-7:30PM - Presentation & Discussion

- 7:30-8:30PM - Member Intros & Networking

http://www.meetup.com/San-Francisco-Real-Estate-Investing-Out-of-State/

A star-studded list of BP members coming - @Alice K. @Ben Phillips @Julia Latreille-Favre @Dana Dunford just to name a few!

I couldn't agree enough. A realtor or REI gets thousands or tens of thousands of dollars on the sale - you would think they least they could do is spend an hour taking photos and writing a description with some basic performance numbers. They could also save themselves a lot of trouble fielding calls if the info was in the listing. For these reasons and others I always insist on creating my own listings for sales and rentals - even though I still use a realtor for other parts of the process.

Thanks for the shoutout @Alice K.!  

@Wes Brand if you are looking to buy in the Bay Area I'd urge you to follow @J. Martin and his advice, his meetup is the biggest in SF with tons of smart REI.

If you are looking to invest out of state, my meetup is specialized for this strategy with plenty of investors doing it from SF - http://www.meetup.com/San-Francisco-Real-Estate-Investing-Out-of-State/

Our next Meetup is all about finding and analyzing deals remotely.

@Ned Carey Funny, why would they go to the trouble and expense to mail you a letter if they wouldn't even bother to answer your call? smh - maybe if you leave a voicemail to the effect of "*sniffle* please make this mortgage nightmare end - I just want out"

I have received a direct mailer about my multifamily properties at a rate of about 1 every 2 months but recently it's been more like 1 per week.  I'm guessing since I'm an out of state owner in San Francisco with properties in upward trending Dallas and St Petersburg markets that I have a big target on my name within their list source search.

Since I'm cashflowing well I'm not planning to sell any time soon but even if I was I would put my properties on the MLS for all buyers to compete over so I could get the best offer. Today I got one that actually got my attention - to paraphrase it read something like this

"I know you get these letters all the time and also know you think I am going to give you a low-ball offer. I do know the Dallas multifamily market is strong and I plan to make you an offer that is competitive"

Wow, this is getting interesting!  She gets me!

Any way, I'm just wondering if anyone other investors with a strong performing property ever check in with these guys to see if they are really worth talking to when you aren't a desperate, motivated seller just looking for an easy exit.

I used to live north of this area in Richardson. It's lots of low-income apartment buildings and C-class houses. It's not dangerous but not a place I would want to live either. For the right deal I would certainly invest here but it would be completely for cashflow and no real expectation for equity or high growth any time soon. The community college you mentioned should not be confused with a college environment - i.e. there are no student rentals. It is a working class and high Hispanic neighborhood but these generally have good cap rates and ROI if you manage them correctly and are willing to put in more work.

Down payment on a multifamily that you could also live in seems like a good solution both for having a place to live while collecting rental cashflow. Use an FHA loan since you will live there. Hawaii is perfect for vacation rentals and Airbnb which earn way more than a standard apartment lease.

Join our inaugural Meetup! To get things started I'll do a no-fluff presentation on some hard-learned lessons for buying, renting and managing properties remotely followed by a group discussion on tips from other investors. There will be plenty of time to network and share opportunities before and after the presentation.

We have a private banquet space space booked, join us!

Kennedy's Irish Pub and Curry House

http://www.meetup.com/San-Francisco-Real-Estate-Investing-Out-of-State/events/229190449/